At Flat Rock Homes, there are many opportunities for individuals, through philanthropy, to make a profound difference in the lives of the children and adults we serve. Our development staff is available to help individuals fulfill their philanthropic goals in ways that will have a lasting impact, even far beyond an individual's own lifetime.
Charitable Bequests
Your charitable bequest is a distribution from your estate through your will as designated according to your wishes. Bequests can come in many forms, and can include real property, cash, securities, insurance policies or other assets. If you would like to make a bequest to Flat Rock Homes, below is suggested language to ask your attorney to include in your will for you:
"I give, devise, and bequeath to Flat Rock Homes located at 7353 Co. Road 29, Flat Rock, OH 44828, the sum of $________(or a description of the specific asset), for the benefit of Flat Rock Homes and its general purposes."
If you wish to provide support for a specific program, service or area of Flat Rock Homes, the following is sample language that may be used or tailored:
"I give, devise, and bequeath to Flat Rock Homes, located at 7353 Co. Road 29, Flat Rock, OH 44828 the sum of $_______ (or a description of a specific asset), for the benefit of Flat Rock Homes to be used for the following purpose: (state the purpose). If at any time in the judgment of the trustees of Flat Rock Homes it is impossible or impracticable to carry out exactly the designated purpose, they shall determine an alternative purpose closest to the designated purpose."
If you would like to make a bequest to Flat Rock Homes after your wishes for your heirs or others have been fulfilled you can use language to designation the residue portion of your assets as follows:
"All the rest, residue, and remainder of my estate, both real and personal, I give to Flat Rock Homes, located at 7353 Co. Road 29, Flat Rock, OH 44828, for its general purposes."
A contingency bequest can enable you to leave a portion of your estate to Flat Rock Homes if your named beneficiary does not survive you. Sample language is as follows:
"I devise and bequeath the residue of the property, real and personal and wherever situated, owned by me at my death, to (name of beneficiary), if (she/he) survives me. If (name of beneficiary) does not survive me, I devise and bequeath my residuary estate to Flat Rock Homes, located at 7353 Co. Road 29, Flat Rock, OH 44828 , for its general purposes."
charitable gift annuities
By creating a charitable gift annuity with a minimum of $5,000, you receive a guaranteed lifetime payment at a fixed rate, as well as a charitable income tax deduction based on the fair market value of the assets you contributed minus the present value of the life-income interest you receive and you help create future support for Flat Rock Homes. If you choose to fund a charitable gift annuity with appreciated securities, you will not incur capital gains tax upfront. Only a portion of your capital gain will be recognized, and the tax will be spread out over your annuity payments. You can choose to designate payments for one survivor, if you wish. Gift annuity rates are determined by the age of the donor, who must be at least 60 years of age. Younger donors may find planning benefits in a deferred gift annuity.
For information about giving to Flat Rock Homes, Care Center or Community Services:
Contact Amanda Nicol, Assistant Director of Development
419-483-7330 (x1128)
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